A freestanding back therapy and multiple exercise station on which various therapeutic, stretching, bending, twisting, extension and inversion exercises may be carried out utilizing the user's weight for fully flexing and decompressing the spine and strengthening the trunk and back muscles of the user. The station has a frame of tubular construction with a floor engaging base, front and rear vertical upright members, a horizontal top member extending between upper ends thereof, and a cushioned forearm pad on each said horizontal member with handgrips at outer of the horizontal top members. A lower pair of vertically spaced padded cross members extend transversely between the rear vertical upright members to serve as foot supports. A central upright member is connected at a lower end with at least one padded cross member and has a forward and angularly upward extending upper portion. A backrest pad is mounted the central upright member. An upper pair of parallel vertically spaced padded tubular members extend laterally outward from each side of the central upright member near its upper portion to selectively serve either as handgrips or as elevated or leg or foot supports when performing exercises. A removable rotatable cylindrical cushioned roller is may be mounted transversely between the horizontal top members to serve as a back engaging roller or a seating surface when performing exercises. Various auxiliary exercise apparatus may be removably connected with the station for performing a variety of exercises.